Format: News
Reactions: Bank of England cuts interest rates for first time in seven years
In a universally-expected move, the Bank of England has halved the Base Rate to an historic low of just 0.25% and renewed some quantitative easing. The BoE's interest rate had been at an already low 0.
Jackson-Stops rolls out new West Country branch
Jackson-Stops & Staff has opened a new outpost in the heart of Hardy country, in the market town of Blandford in Dorest.
New PCL rental supply jumped by 49% in Q2 – Knight Frank
There's lots happening in prime central London's rental property arena, says Knight Frank: newly-agreed tenancies are on the up, viewing numbers are soaring and supply levels are leaping, but both rental…
New sales head at Knight Frank Wapping
Lee O'Neill joins from Cluttons
Agency lists ‘Jewel in the Crown’ penthouse at One Hyde Park (with Brexit discount)
How about this. An agency appears to have listed one of the quartet of penthouses at One Hyde Park, seemingly with a chunky 20% Brexit discount.
PCL’s domestic buyers rallied in referendum run-up as overall deal numbers tumbled
As overall deal numbers tumbled, there was "a significant increase" in the number of domestic buyers of second-hand in prime central London during Q2, reports Strutt & Parker, as just shy of 33% of residential…
‘Mini mansion’ on ‘The Bishops Avenue of mews’ comes up for £7.75m
A five-storey "mini mansion" on Clabon Mews - where Knightsbridge and Chelsea meet - has come up for sale with a £7.75m asking price.
Q2 Review: Transactions tanking and buyers negotiating as prime London hits the brakes
The prime London sales market in 2016 has been "significantly distorted" by both the referendum and the introduction of the 3% stamp duty levy for additional properties in April, notes LonRes in its authoritative…
Brexit vote ‘has been a trigger to make overdue reductions to asking prices’ – Knight Frank
For all the catastrophising Brexit-bating headlines, it's stamp duty that's really sculpting today's prime central London property market, says Knight Frank as it tells of a 1.
Where in the UK has the level of home ownership dropped the most?
There rise of renting at the expense of home ownership in London is pretty well documented, but a new report indicates that it's not just a problem for the capital...
Fitzrovia penthouse with roof terrace ‘larger than the average family home’ comes to market
A three-bed penthouse in Fitzrovia with one of London's biggest roof terraces - it's bigger than the average family home - has come up for sale, asking £6.995m.
Sales volumes to stay suppressed for the rest of the year – LSL
LSL Property Services, which owns a whole bunch of UK estate agencies and surveyors, has reported some strong H1 results but reiterated that market conditions are unlikely to improve enough for it to hit…